Khalid Hashim-led Precious Shipping recorded a net $2.85m, from a loss of $150,000 the previous year.
Daily ship earnings came in at $10,767, 17% higher than in 2017.
Average daily operating expenses per ship increased from $4,322 to $4,519 during the quarter, which was marginally higher than its target of $4,500.
The company noted that its current and forward four year rolling book up until 2022 was at the 16.6%
